GRANULES
Granules Bullish ViewMultiple things to watch in this chart.
Confluence can be seen acting wonderfully.
Cup and Handle formation and breakout can be seen.
Increased volume built up on breakout is clearly visible.
Intraday setup looks like below.
Long above 265 can fetch 268/270/273 with a SL of 263.
All views for study purpose only.
Breakdown in Granules India...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Granules Breakout(Trendline+Resistance)Hello trader, the last stocks nmdc & tatasteel are performing well.
Speaking of the latest trades I caught granules giving a breakout but it didn't feel safe to enter as the horizontal resistance was not broken but now granules has given a breakout with a good strong candle and looks good for the upper marked targets.
The trendline breakout was an early entry and safer trade can be taken on the retracement of the horizontal resistance.
Buy above - 355
Better buy - 345 (might not retrace here)
Targets marked on the chart above.
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📊 Granules Limited 🎯NSE:GRANULES
Finally, Granuals limited share taken support from harmonic PRZ one can go for swing long as per their trade set up and stop loss as per risk appetite.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Falling Wedge IN GRANUALS
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines are drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line.
The descending wedge pattern appears within an uptrend when price tends to consolidate, or trade-in a more sideways fashion. Connecting the lower highs and lower lows will reveal the slight downward slant to the wedge pattern before the price eventually rises, resulting in a falling wedge breakout to resume the larger uptrend.